SBA interim rule clarifies changes to PPP loan program

SBA interim rule clarifies changes to PPP loan program

From the Pinnacle CPA Advisory Group —  The Small Business Administration (SBA) issued a new interim rule on June 16, intended to provide clarity on recent legislative changes regarding the Paycheck Protection Program (PPP). Specifically, the new rule gives detail on...
‘Flexibility Act’ makes favorable changes to PPP

‘Flexibility Act’ makes favorable changes to PPP

From J.D. Supra —  On June 5, President Trump signed into law H.R. 7010 – the Paycheck Protection Program Flexibility Act of 2020 (“PPPFA”). The PPPFA makes significant borrower favorable amendments to the Paycheck Protection Program (“PPP”). Background. As our...